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Corporate Overview
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Patrick GowansNon-Executive ChairmanPatrick is a Partner of Quinert Rodda & Associates, a Melbourne law firm which act as legal advisorsfor Alice Queen. Patrick has over 10 years’ experience in corporate and commercial law with a focuson equity capital markets, ASX compliance and corporate governance which includes advising anumber of ASX-listed mining exploration entities.
Andrew T. BuxtonManaging DirectorAndrew was previously Managing Director of Kidman Resources Limited (KDR) an ASX listed lithiumdevelopment company. Andrew has 25 years experience in the corporate sector specialising in businessdevelopment, capital raising and corporate finance. Andrew was the founder of Alice Queen in 2012.
Dale McCabeExecutive DirectorDale was instrumental in supporting the foundation of Alice Queen in 2012 with both operationalsupport and seed capital raising efforts. He joined the company formally in 2015 establishing theoperational aspects of the exploration projects and continuing to support capital raising. Prior to histenure at Alice Queen, Dale spent more than 20 years in the IT industry across various industry sectors.
Anthony McIntoshNon-Executive DirectorAnthony holds board positions with listed and unlisted companies and brings to Alice Queen marketing,investor relations and strategic planning skills as well as a strong network of stockbroker and fundmanager supporters. Anthony was a board member of Echo Resources Limited for 7 years which wasrecently acquired by Northern Star Limited for $235m.
Ordinary Shares on Issue 1090M
Market Cap (@$0.02) $21.8M
Substantial Shareholders (>5%) ~16%
Cash (31 March 2021) ~$2.45M
Shareholders8%
7%
7%
2%
2%74%
Invia Custodian Pty Ltd (The Morris Family A/C)
Andrew Buxton
Abadia Investments Pty Ltd (CK & ML Datt Super A/C)
Eleventh Klingon Pty Ltd (Lester Family Super Fund A/C)
Ms Olivia Leila Wardlaw (D Wardlaw Family A/C)
Other
Capital Structure
Quality Asset Portfolio3 Jurisdictions, 7 Active Projects
◆Horn Island (Torres Strait, QLD) –Advanced near term production opportunity
◆ Lachlan Fold Belt – Exploration for large scale copper & gold porphyry deposits
◆ Fiji – Two exciting exploration projects in one of the worlds great gold addresses
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Alice Queen’s ObjectivesAlice Queen has three clear objectives for
each of the three major project areas.
HORN ISLAND
To Progress Horn Island to development phase within 18 to 24 months
NSW
To make a major discovery in NSW within 24 months
FIJI
Confirm historical drilling and release JORC exploration results within 3 months for Nabila
Release a maiden JORC Inferred Resource within 6 months at Nabila
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Horn Island, Torres StraitHorn Island is a near term
production opportunity
◆ Torres Strait, Queensland
◆ ~15km from the Australian mainland
◆ Tenement package covers five islands including Horn Island
◆ Tenement includes the largest island Muralag (Prince of Wales Island)
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Horn Island, Torres StraitNear term production
opportunity
◆ Well serviced by both air and sea
◆ Considerable existing infrastructure
◆ Existing open pit Inferred Resource (JORC 2012) of 7.9 Mt @ 1.9 g/t Au for 492,000 oz (see ASX release 2/08/2018)
◆ Multi phase RC infill drill program
◆ Scoping Study underway
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Horn Island, Significant Exploration Upside
Significant exploration upside
Extensive exploration over six years, across a 352km mineral field consisting of geological mapping, surface sampling, diamond core drilling and metal zonation studies suggest the potential for significant upside with analogues (based on hydrothermal footprints) to other North Queensland multi million ounce deposits such as;
◆ Ravenswood
◆ Mt Leyshon
◆ Mt Wright (see ASX release 29/05/2019)
◆ Significant intercept from exploration drilling at Southern Silicified Ridge of 11m @ 2.89g/t Au (see ASX release 21 March 2018)
81ASX Release 2 August 2018
Mt Leyshon Surface metal
zonation footprint & deposit (3.5Moz)
Mt Wright Surface metal
zonation footprint & deposit (1.5Moz)
Ravenswood Metal zonation
footprint & deposit 7.0 Moz gold
Surface metal zonation footprint
Horn Island
NSW Projects, Cu/Au PorphyryTargeting large scale Cu/Au porphyry deposits
◆ All NSW targets generated by Chief Technical Advisor (NSW) John Holliday, Co-discoverer of Cadia Valley and former Chief Geo-Scientist at Newcrest
◆ Located on the Molong Volcanic Belt, the same structure that hosts the Cadia Ridgeway (Newcrest Mining, 42Moz Au and 8.7Mt Cu)
◆ Three Project Areas ~700km2 along strike from Newcrest’s Cadia Valley
◆ The Northern Molong Volcanic Belt is proving to be a fertile and target rich district with considerable exploration upside
◆ Boda East is ~700m from Alkane’s recent Boda discovery
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NSW Projects, Cu/Au Porphyry
MendooranEight large scale Cu/Au porphyry targets
◆ More than ~$1M was invested by Newcrest into target generation, of which there are eight high priority targets
◆ A two year process has been completed to obtain access, ministerial approval and NSW Government New Frontiers funding via the “Cooperative drilling” grant of $200k towards drilling (see ASX release 1/04/2020 and 6/04/2020)
◆ The first two targets have been drilled and results are pending (see ASX release 3/02/2021)
◆ Remaining targets are all drill ready and all approvals are in place
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NSW Projects, Cu/Au Porphyry
YarinduryA further eight large scale Cu/Au porphyry
target areas
◆ Target generation work identified eight target areas
◆ Testing of the first four target areas is complete with Molong Volcanic Belt confirmed
◆ Planning is underway to test the next four target areas
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NSW Projects, Cu/Au Porphyry
Boda EastAdjacent to Alkane’s Boda hole KSDD007 (1,167m @0.55 g/t, 0.25%
Cu from 75m) lies just ~700m to the west of Boda East
◆ Four target areas identified
◆ First phase program of 10 holes for 6,819 meters completed
◆ Results from first 7 holes received (see ASX releases 10/08/2020, 9/10/2020 and 1/03/2021) with final three holes pending
◆ Evidence of a Porphyry system identified (see ASX release 1/03/2021)
◆ Vectoring and planning for follow up drill program underway
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Fiji, One of the worlds great gold addresses
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Alice Queen has recently secured two highly prospective tenements
(see ASX release 10/03/21)
◆ Situated on the Pacific Rim of fire
◆ One of the worlds great gold addresses
◆ Host to Vatukoula, Namosi, Tuvatu and Mount Kasi deposits
◆ Nabila is along strike from Vatukoula and Tuvatu
◆ Viani – green fields project located on Vanua Levu
Fiji, Nabila
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The Nabila project is along strike from Vatukoula and Tuvatu
◆ Located on Fiji’s main island Viti Levu
◆ Nearby to Nadi, Fiji’s second largest city and major international airport
◆ Contains the Faddy’s Prospect
◆ Hosts the historical Mistry Mine
Alice Queen is committed to and currently working towards progressing the historical exploration
results to a JORC compliant status
Fiji, Viani
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Viani is a highly prospective project located on Vanua Levu
◆ Located on Fiji’s northern island of Vanua Levu
◆ Contains the historical Dakuniba Prospect
◆ Historic diamond core drilling in the 1990s reported high grade intercepts at Dakuniba
Alice Queen is currently locating historic drill collars and reviewing
historical results
Quality Asset PortfolioSummary
Horn Island (Torres Strait, QLD) – Advanced project
◆ Inferred Resource (JORC 2012) 7.9Mt @ 1.9g/t Au for 492,000oz
◆ Multi phase RC Infill program designed to convert Inferred Resource to Indicated status
◆ Scoping Study underway
Lachlan Fold Belt – Large scale copper & gold porphyry deposits
◆ Mendooran – Eight large scale Newcrest generated targets never before tested – maiden drill program of two holes completed. Results pending.
◆ Yarindury –Eight geophysical targets confirmed Molong Belt – 4 targets remaining to be tested
◆ Boda East ~13km north-south trend and evidence of a porphyry system ~700m from Alkane’s Boda discovery
Fiji – Two exciting projects in one of the worlds great gold addresses
◆ Nabila – Faddy’s prospect and Mistry Mine with Historic production reports of up to 13g/t (see ASX release 10/03/21)
◆ Viani – Highly prospective greenfields tenement, historical drill hole intercepts report positive gold results (see ASX release 10/03/21)
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Upcoming Newsflow
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Horn Island
Results from Horn Island Infill RC drill program April
Results from bulk ore sorting test work with Tomra May
Metallurgical test work results June
Updated Mineral Resource June
Scoping Study July
NSW
Final results from Boda East May
Results from maiden program at Mendooran May
Fiji
Review of historical drill data at Nabila May
Potential release of JORC compliant results from Nabila
June
ASX: AQX
Contact Us
Alice Queen LimitedABN: 71 099 247 408Level 2, 568 Chapel StreetSouth Yarra, Victoria 3141+61 3 8669 1408www.alicequeen.com.au
For further information:
Andrew BuxtonManaging Director
+61 403 461 [email protected]